SO - HTD: Utility And Fixed-Income Exposure At A Discount
2024-07-16 11:49:45 ET
Summary
- John Hancock Tax-Advantaged Dividend Income Fund provides investors exposure to the utility sector and fixed-income investments.
- HTD has performed well recently and still offers an attractive discount to its NAV for investors.
- The fund's distribution yield is appealing and looks sustainable, with the potential for better performance helping support the payout.
Written by Nick Ackerman, co-produced by Stanford Chemist
John Hancock Tax-Advantaged Dividend Income Fund ( HTD ) is a closed-end fund that provides investors exposure to a portfolio that is split between equities in the utility sector and fixed-income investments. With risk-free rates rising amid the Fed raising their short-term target rate aggressively throughout 2022, that was a significant headwind for this fund. With the Fed looking set to cut rates at some point, HTD could see some of those losses rewind with rates becoming a tailwind....
HTD: Utility And Fixed-Income Exposure At A Discount